NFTs
NFTs
Out of context: Reply #236
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- grafician0
"Beeple Immediately Converted His $53 Million NFT Earnings From ETH to USD
The artist who sold an NFT artwork for $69 million says NFTs are “absolutely" a bubble."
"In brief
Crypto artist Beeple received the $53 million proceeds of his record-breaking NFT sale in Ethereum—and quickly exchanged it for US dollars.He later compared the current NFT craze to the early days of the Internet "bubble.""
https://decrypt.co/62547/beeple-…
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so he did get paid, that's a nice exit
- My favorite part are how he got a fancy haircut to be on TVdkoblesky
- If anyone learned anything from the dotcom bubble then get in and make cash before it bursts. After that everything just goes sensible.microkorg
- and...the bubble does not mean the changes, the things that happened go away...the speed and intensity just changes...sensible... you saydkoblesky
- graf, as you can see he didn’t crash the market by selling.NBQ00
- @NB not right away, these exits from all artists will add up, lowering liquidity, building up until the bubble burstsgrafician
- Nah, the artists are just a small fraction. Millions and millions are being sold every day. Bubble bursts when more sellers than buyers and trust is gone.NBQ00
- Yeah, can be a small fraction but it's the first legitimate use of ETH (sure, dumb af, but legitimate). Where all the other millions in ETH go?grafician